Until you have the keys and your name as owner, it is all a gamble on whether anyone will want to bid on a project that might fall through.

Ever since then, I started reading, looked for new content, and researched like something has possessed me.In a way, Real Estates sparked a light of ambition in my heart and ignited my passion tofocus and learn about something I can enjoy doing.With the momentum I gained from wanting to study real estate, I absolutely dominated all my classes in school this semester.I feel like going to school and completing my undergraduate in actuarial science to become anactuary is the safest route to take, but there is a voice in the back of my mind telling me to start working as an agent.I have completed all of my real estate classes for the license test, and will be taking my test shortly.Although it may seem like a safer option, going to school means I will not be able to invest or create any income for myself for 2-3 years.As well as accumulating what we know of as "bad debt" such as student loans.There are many pros and cons factored into both sides of the argument, and I just wanted some advice from Realtors, and anyone on the BP forum.Thank you for your precious time! 

One issue i see with doing it the way you're thinking is that in our market in Miami the gamble is much more risky, with the crazy high rents in those areas you mentioned so you have to make sure that area can be constantly rented out, otherwise you're gonna have to bite that monthly lease payment.

Thomas left out the igniter, but only if it's a gas stove.

I have to admit that I started second-guessing my gamble of buying 1/2 a house for $130k and having a "partner" on the other half who didn't know that the house was on these two lots.

,My Answer would be -  In today's market if i want to buy #1 Reason would be Low Interest rates (knowing exactly when to buy can be a bit of gamble.

When he said it's the exhaust fan, I assume he means the little fan that clears the vent of combustible gases before the ignition kicks on the burners.

@Jesse Wixson,Purely my opinion...Investing for appreciation is speculation (read: gambling). ...and equity doesn't pay the bills. 

@Pat Brown,Investing for appreciation is known as speculation (read: gambling).

You should be shooting for at least $100 per month per door in real cash flow.Of course none of this takes into consideration the appreciation game/gamble or amortization, however, if your goal is income, you need to be fully educated on operating expenses and all other costs associated with owning rental units.